We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
National Fuel Gas Q1 Earnings Beat Estimates, Gas Production Up
Read MoreHide Full Article
Key Takeaways
NFG reported Q1 adjusted EPS of $2.06, beating estimates and rising 24.1% from the prior-year quarter.
NFG saw revenue gains across utility, Integrated upstream and Gathering and Other, and pipeline segments.
NFG boosted operating income as expenses fell and Seneca gas production rose 12% year over year.
National Fuel Gas Company (NFG - Free Report) reported first-quarter fiscal 2026 adjusted operating earnings of $2.06 per share, which beat the Zacks Consensus Estimate of $1.91 by 7.85%. The bottom line also increased 24.1% from the year-ago quarter’s reported figure of $1.66.
GAAP earnings for the quarter were $1.98 per share, up 304.1% from 49 cents in the year-ago quarter.
NFG’s Total Revenues
NFG reported sales of $651.5 million, which beat the Zacks Consensus Estimate of $647 million by 0.7%. The top line also increased 18.6% from the prior-year recorded figure of $549.5 million.
The year-over-year increase in revenues was due to strong contributions from all segments.
National Fuel Gas Company Price, Consensus and EPS Surprise
Utility: Revenues totaled $259.05 million, up 13.4% from $228.4 million in the year-ago quarter.
Integrated upstream and Gathering and Other: Revenues totaled $323.2 million, up 28.1% from $252.4 million in the year-ago quarter.
Pipeline and Storage: Revenues amounted to $69.2 million, reflecting a 0.6% increase from $68.8 million recorded in the year-ago quarter.
Highlights of NFG’s Q1 Release
Total operating expenses were $375.4 million, down 18.9% from $463.3 million in the year-ago quarter.
Operating income totaled $276.1 million, up 220.3% from $86.2 million in the year-ago quarter.
Interest expense on long-term debt totaled $33.5 million compared with $33.4 million in the year-ago quarter.
During the fiscal first quarter, Seneca produced 109 billion cubic feet (Bcf) of natural gas, reflecting an increase of 11 Bcf, or 12%, from the prior-year level. The year-over-year increase in production volumes was due to new Utica pads turned in line in Tioga County.
NFG’s Q1 Financial Highlights
As of Dec. 31, 2025, National Fuel Gas had cash and temporary cash investments of $271.4 million compared with $43.2 million as of Sept. 30, 2025.
Net cash provided by operating activities for first-quarter fiscal 2026 totaled $274.9 million compared with $220.1 million in the previous year quarter.
NFG’s Guidance
National Fuel Gas reiterated guidance for adjusted earnings per share for fiscal 2026 between $7.60 and $8.10. The acquisition of CenterPoint Energy’s Ohio natural gas utility business is expected to close in fourth-quarter fiscal 2026 and is not anticipated to affect fiscal 2026 guidance.
The company expects capital expenditure for fiscal 2026 to be in the $0.96-$1.07 billion range.
Production for fiscal 2026 is expected to be in the range of 440-455 Bcf.
NFG’s Zacks Rank
National Fuel Gas currently carries a Zacks Rank #4 (Sell).
TotalEnergies SE (TTE - Free Report) to report fourth-quarter 2025 earnings per share on Feb. 11, 2026, and the Zacks Consensus Estimate is pegged at $1.80s, which indicates an increase of 5.88% in the past 60 days.
TTE’s long-term (three to five years) earnings growth rate is currently pinned at 2.66%. The Zacks Consensus Estimate for 2025 EPS is pegged at $7.15, indicating an increase of 0.7% in the past 60 days. Devon Energy Corp. (DVN - Free Report) to report fourth-quarter 2025 earnings per share on Feb. 17, 2026, and the Zacks Consensus Estimate is pegged at 86 cents, which implies a decline of 4.4% in the past 60 days.
DVN’s long-term earnings growth rate is currently pinned at 3.28%. The Zacks Consensus Estimate for 2025 EPS is pegged at $3.94, indicating a decline of 1.25% in the past 60 days.
ONEOK Inc. (OKE - Free Report) to report fourth-quarter 2025 earnings per share on Feb. 23, 2026, and the Zacks Consensus Estimate is pegged at $1.48, which indicates a decline of 2.63% in the past 60 days.
OKE’s long-term earnings growth rate is currently pinned at 3.06%. The Zacks Consensus Estimate for 2025 EPS is pegged at $5.31, indicating a decline of 0.56% in the past 60 days.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
National Fuel Gas Q1 Earnings Beat Estimates, Gas Production Up
Key Takeaways
National Fuel Gas Company (NFG - Free Report) reported first-quarter fiscal 2026 adjusted operating earnings of $2.06 per share, which beat the Zacks Consensus Estimate of $1.91 by 7.85%. The bottom line also increased 24.1% from the year-ago quarter’s reported figure of $1.66.
GAAP earnings for the quarter were $1.98 per share, up 304.1% from 49 cents in the year-ago quarter.
NFG’s Total Revenues
NFG reported sales of $651.5 million, which beat the Zacks Consensus Estimate of $647 million by 0.7%. The top line also increased 18.6% from the prior-year recorded figure of $549.5 million.
The year-over-year increase in revenues was due to strong contributions from all segments.
National Fuel Gas Company Price, Consensus and EPS Surprise
National Fuel Gas Company price-consensus-eps-surprise-chart | National Fuel Gas Company Quote
NFG’s Segmental Revenues
Utility: Revenues totaled $259.05 million, up 13.4% from $228.4 million in the year-ago quarter.
Integrated upstream and Gathering and Other: Revenues totaled $323.2 million, up 28.1% from $252.4 million in the year-ago quarter.
Pipeline and Storage: Revenues amounted to $69.2 million, reflecting a 0.6% increase from $68.8 million recorded in the year-ago quarter.
Highlights of NFG’s Q1 Release
Total operating expenses were $375.4 million, down 18.9% from $463.3 million in the year-ago quarter.
Operating income totaled $276.1 million, up 220.3% from $86.2 million in the year-ago quarter.
Interest expense on long-term debt totaled $33.5 million compared with $33.4 million in the year-ago quarter.
During the fiscal first quarter, Seneca produced 109 billion cubic feet (Bcf) of natural gas, reflecting an increase of 11 Bcf, or 12%, from the prior-year level. The year-over-year increase in production volumes was due to new Utica pads turned in line in Tioga County.
NFG’s Q1 Financial Highlights
As of Dec. 31, 2025, National Fuel Gas had cash and temporary cash investments of $271.4 million compared with $43.2 million as of Sept. 30, 2025.
Net cash provided by operating activities for first-quarter fiscal 2026 totaled $274.9 million compared with $220.1 million in the previous year quarter.
NFG’s Guidance
National Fuel Gas reiterated guidance for adjusted earnings per share for fiscal 2026 between $7.60 and $8.10. The acquisition of CenterPoint Energy’s Ohio natural gas utility business is expected to close in fourth-quarter fiscal 2026 and is not anticipated to affect fiscal 2026 guidance.
The company expects capital expenditure for fiscal 2026 to be in the $0.96-$1.07 billion range.
Production for fiscal 2026 is expected to be in the range of 440-455 Bcf.
NFG’s Zacks Rank
National Fuel Gas currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
TotalEnergies SE (TTE - Free Report) to report fourth-quarter 2025 earnings per share on Feb. 11, 2026, and the Zacks Consensus Estimate is pegged at $1.80s, which indicates an increase of 5.88% in the past 60 days.
TTE’s long-term (three to five years) earnings growth rate is currently pinned at 2.66%. The Zacks Consensus Estimate for 2025 EPS is pegged at $7.15, indicating an increase of 0.7% in the past 60 days.
Devon Energy Corp. (DVN - Free Report) to report fourth-quarter 2025 earnings per share on Feb. 17, 2026, and the Zacks Consensus Estimate is pegged at 86 cents, which implies a decline of 4.4% in the past 60 days.
DVN’s long-term earnings growth rate is currently pinned at 3.28%. The Zacks Consensus Estimate for 2025 EPS is pegged at $3.94, indicating a decline of 1.25% in the past 60 days.
ONEOK Inc. (OKE - Free Report) to report fourth-quarter 2025 earnings per share on Feb. 23, 2026, and the Zacks Consensus Estimate is pegged at $1.48, which indicates a decline of 2.63% in the past 60 days.
OKE’s long-term earnings growth rate is currently pinned at 3.06%. The Zacks Consensus Estimate for 2025 EPS is pegged at $5.31, indicating a decline of 0.56% in the past 60 days.